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The Consumer Financial Protection Bureau ("CFPB") has concluded its third year. Created under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"), the Bureau has taken significant steps to define its role in the consumer financial services industry and to establish itself as a major regulatory player. There's no doubt that as the CFPB has grown, it has had a significant impact on the consumer financial services industry, by adopting new industry-shaping regulations, better defining the voice of the consumer, and exercising supervisory and enforcement authority over players in the consumer financial services industry. The proof is in the pudding: banks and nonbanks, in order to meet CFPB expectations, have increased their focus on the full life cycle of their products and services, enhanced compliance measures, and consumer-centric policies. This engaging webcast will delve into the three-year history of the regulatory agency and examine some of its more notable regulations and enforcement actions since its inception.
Click for more information on "CFPB Turns Three: Three Years, Big Impact."